Danaher Corp. (DHR)

Danaher Corp., FCFF calculation

USD $ in thousands

Based on: 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25), 10-K (filing date: 2014-02-21).

Item	Description	The company
FCFF	Free cash flow to the firm is the cash flow available to the Danaher Corp.’s suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made.	Danaher Corp.’s FCFF declined from 2015 to 2016 but then increased from 2016 to 2017 not reaching 2015 level.

Danaher Corp., interest paid, net of tax calculation

USD $ in thousands

Based on: 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25), 10-K (filing date: 2014-02-21).

2017 Calculations

Danaher Corp., current EV/FCFF calculation, comparison to benchmarks

Based on: 10-K (filing date: 2018-02-21).

If company EV/FCFF is lower then the EV/FCFF of benchmark then company is relatively undervalued.

Otherwise, if company EV/FCFF is higher then the EV/FCFF of benchmark then company is relatively overvalued.

Danaher Corp., historical EV/FCFF calculation, comparison to benchmarks

Based on: 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25), 10-K (filing date: 2014-02-21).

2017 Calculations

Ratio	Description	The company
EV/FCFF	Enterprise value to free cash flow to the firm is whole company valuation indicator.	Danaher Corp.’s EV/FCFF ratio increased from 2015 to 2016 but then slightly declined from 2016 to 2017.